Agyapong, Joseph - In: Economies 9 (2021) 2, pp. 1-27
model is demonstrated by analyzing the pre- and post-financial crisis periods for forecasting exchange rates. The out … coefficients and a constant. In particular, the results show that for the pre-financial crisis period, the Taylor rule was … effective. However, the post-financial crisis period shows that the Taylor rule is ineffective in forecasting exchange rates. In …